Bloomberg Business

Turkey declared a three-month state of emergency in areas struck by two massive earthquakes earlier this week, allowing the government more leeway for rescue and reconstruction efforts.

Indonesia has become the world’s second-largest cobalt producer, bolstering its bid to be a big player in the electric-vehicle supply chain.

Credit Suisse Group AG, fighting to stem a wave of investor outflows, is dialing back some stringent anti-money laundering controls in Asia after they drew protests from clients and bankers and contributed to staff departures.

SoftBank Group Corp.’s first earnings report without founder Masayoshi Son went a lot like those he presided over the past few years: The Japanese conglomerate lost billions of dollars on failed startup bets.

Toshiba Corp. shares rose after top Japanese banks were said to issue commitment letters for a ¥1.4 trillion ($10.7 billion) loan that backs a Japan Industrial Partners Inc.-led consortium’s takeover offer for the conglomerate.

Prudential Financial Inc. Chief Executive Officer Charlie Lowrey said the company will target more-mature firms in acquisitions after reporting a goodwill impairment charge of $713 million tied to a startup it purchased.

The US labor market burned red-hot in January as hiring unexpectedly surged and unemployment fell to a 53-year low, defying recession forecasts and adding pressure on the Federal Reserve to keep raising interest rates.

Hudson Bay Capital Management is the anchor investor of the share sale launched Tuesday by Bed Bath & Beyond to stave off bankruptcy, according to people with knowledge of the matter.

New York City is escalating its crackdown on illegal marijuana stores, seeking to force landlords to evict the unlicensed shops that have proliferated across the city as state-sanctioned weed retailers begin operating.

Recent plane near-collisions on runways have raised red flags among lawmakers crafting a major US aviation policy bill.